Across the state, rental prices jumped up 7 percent from 2023 for a two-bedroom apartment. This is the highest increase Alaska has seen since at least 2011, according to the latest reports from the Department of Labor and Workforce Development.
ANCHORAGE, Alaska - Buying a home in Alaska can be difficult, but so can finding an affordable apartment or house to rent — and it’s getting more expensive.
Ketchikan Gateway Borough saw the biggest leap in prices, jumping 16% from 2022 to an average adjusted rental price of $1,466. Meanwhile, Sitka City and Borough saw the smallest increase in rental costs at just 3% over the 2022 rate. The average adjusted rent in Sitka is $1,404. “We’ve been trying for years, you know a lot of people request for us to add some more rural communities to the survey,” economist Rob Kreiger said. “It’s really hard to get enough information or responses back to report any of that.”
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